Budget
01
Apr
Budget Measures Implementation Act 2020
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On 20 March 2020 numerous measures announced in the Budget Speech were enacted by means of Budget Measures Implementation Act. Here is a short summary of the legislative updates: Income Tax Income tax on overtime From 1st January 2020, taxpayers may opt to have his/her qualifying overtime income subject to tax of 15%. The [...]
11
Jun
The Malta Budget Measures Implementation Act (the Act) was passed on 29th March 2018. The below is an update on the most interesting of the measures: Amendment to the definition of ‘participating holding’: the percentage equity holding requirement has been reduced to 5% (down from 10%) of the equity shares of a company, such […]